News Focus
News Focus
Followers 5
Posts 537
Boards Moderated 0
Alias Born 05/26/2010

Re: BKfinancier post# 3204

Wednesday, 02/02/2011 4:32:33 PM

Wednesday, February 02, 2011 4:32:33 PM

Post# of 8307
Bk I agree that we may get end up with JPM stock...unless WMI is constituted as a stand alone company and shepherds this through the Courts. The deciding factor is, who guides the Anchor litigation through Federal Courts. Someone could check Jones, Day billing chain to see who is paying their legal fees.

Steinberg seems to think (want) cash is the ultimate payout. I frankly don't see that, not that I would not be happier with that result. For some of us, though, this means a big tax bite. If we take stock it would not be taxable until we sell. Also, JPM might want to run this baby through the end because it gets to keep the 15% retainer tax free.

Let's see how it plays out.

No matter. Definitely NO WAMU stock.

$.98 WOW!

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today